Egypt, Nov. 4 -- IFC announced a financing package for Suez Canal Bank (SCB) to support the bank's increased lending to micro, small, and medium-sized enterprises (MSMEs) in Egypt. The partnership will help create thousands of jobs, boost economic growth, and reduce the gender financing gap.IFC's $50 million loan to SCB will be earmarked to increase access to finance for MSMEs, largely in underserved and vulnerable regions of Egypt. A quarter of the loan is earmarked specifically for women-owned businesses, which make up 20 percent of Egypt's MSME market, yet experience a significant financing gap.While MSMEs are essential drivers of employment and inclusive growth in Egypt, contributing to more than a third of the country's GDP and employi...